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5. For an assignment contract made with a third party in exchange for other property, the property obtained is a conversion of a resource in the month the contract is completed and becomes the new resource as of the first moment of the month following the assignment month. Refer to MA-2240, Transfer of Assets, as a sanction may apply.

6. Evaluate all assignment contracts made with other third parties for a potential transfer of asset. Refer to MA-2240, Transfer of Assets.

H. Supplemental Payments in Excess of State Maximum Rates for Foster Care Payments

Payments made to parent(s) or responsible adult(s) as foster parents that exceed the State maximum rates for Foster Care Payments must be budgeted as income. The foster parents cannot be employees of a childcare facility.

1. Verify and document all foster care payments received.

2. Subtract the state maximum rate for foster care board payments from total foster care payments received.

3. If there is any excess money remaining after subtracting the state maximum rate for foster care board payments, divide that excess amount by two to determine how much income to apply to the foster parents. Divide the excess amount by the number of foster children to determine how much income to deem to each child.

I. Supplemental Payments made to Child Care Workers from the Child Care Wages Project

1. The Child Care Wages Project provides education-based salary supplements to low paid teachers, directors and family childcare providers working with children between the ages of 0-5 years old. The Child Care Wages Project is offered statewide in North Carolina as a funding collaboration between local Smart Start Partnerships and the Division of Child Development. Currently, 63 North Carolina counties have chosen to participate in the Child Care Wages Project. The participating counties can be verified by accessing the Child Care Services Association website at www.childcareservices.org.

2. Each participant who meets the requirements for the Child Care Wages Project and remains eligible will receive a check from Child Care Services Association in the seventh month after the completion of his/her six-month commitment period.